Florida State Legislator Proposes Two Bills to Create and Manage Strategic Cryptocurrency Reserves

GateNews

2025-12-31 03:09:53

Foresight News: U.S. Florida State Senator Joe Gruters has introduced SB 1038 and SB 1040. SB 1038 proposes establishing a Florida Strategic Cryptocurrency Reserve under the Office of the Chief Financial Officer, while SB 1040 suggests creating a Florida Cryptocurrency Reserve Trust Fund, outlining its funding sources and uses. Both bills are set to take effect on July 1, 2026, contingent upon SB 1040 and SB 1038 or similar legislation being enacted, and such legislation must be passed and become law within the same legislative session or its extension.

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